Business Context and Reporting Period
Company: Redwood Trust, Inc. (RWT)
Filing Type: Form 8-K (Current Report)
Date of Report: February 27, 2020
Reporting Period: The filing announces financial results for the quarter ended December 31, 2019, and corporate actions regarding the first quarter of 2020.
Key Financial Metrics
The provided text serves as a cover report referencing attached exhibits for detailed financial data. Specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity are not contained within the body of this Form 8-K text.
- Dividend Declaration: $0.32 per share for the first quarter of 2020.
- Dividend Payment Date: March 30, 2020.
- Record Date: March 16, 2020.
Material Changes
The filing does not detail specific material changes in financial performance versus prior periods within the text itself, as the quantitative results are located in the attached press release (Exhibit 99.1) and review (Exhibit 99.2).
Guidance, Outlook, and Corporate Actions
- Dividend Policy: The Board of Directors authorized a regular quarterly dividend of $0.32 per share.
- Annual Meeting: Scheduled for May 20, 2020, at 8:30 a.m. (Pacific) in Mill Valley, California.
- Voting Eligibility: Stockholders of record as of March 20, 2020, are entitled to vote.
- Disclosure Status: The information in Items 2.02 and 7.01 is furnished and not filed with the SEC, meaning it is not incorporated by reference into other registration statements unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 2019 revenue, net income, and FFO figures.
- Review Exhibit 99.2 (The Redwood Review) for detailed portfolio performance and liquidity metrics.
- Confirm the dividend record date (March 16, 2020) to ensure eligibility for the $0.32 payment.
- Verify the annual meeting date (May 20, 2020) for proxy voting purposes.